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Land Market Emerges as a Key Driver in Cyprus Real Estate

by THEFUTURE.TEAM

Market Overview

In the first half of 2025, Cyprus’s land market commanded attention as transactions in plots and fields surpassed a total value of €360.4 million, according to an analysis by Landbank Analytics. With 1,130 recorded transactions, the sector underscores both residential demands and strategic investment opportunities: 794 plot sales amounted to €189.9 million, while 336 field sales generated €170.5 million. Notably, the average sale price for fields reached €507,440 compared to €239,170 for plots, reflecting differing investment profiles.

Regional Performance Analysis

Nicosia: As the capital, Nicosia reported 341 plot transactions and 83 field deals. The average price for field sales soared to €363,654, closely followed by plots at €220,331, positioning plots as the second most popular property type after apartments.

Lemesos: The city of Limassol remained a dynamic marketplace with 191 plot sales and 90 field transactions. The considerable average field price of €687,800, more than double that of plots at €305,000, highlights a strong tilt towards high-value strategic investments.

Larnaka: With 173 plot sales and 64 field transactions, Larnaka’s market performance was marked by field sales averaging €416,300, the highest on the local stage, while plots averaged €204,500.

Paphos: Paphos reinforced its reputation for strategic investment as 46 field transactions from a total of 123 deals achieved an impressive average sale value of €846,700 — the highest in Cyprus — with plot sales averaging €252,000.

Ammohostos: Distinctly different, Ammohostos targeted mainly field transactions with 53 field deals and 12 plot sales. Reflecting its unique market, fields averaged €241,000 compared to €134,500 for plots, mirroring trends in tourism and agricultural use.

Expert Insight

Andreas Christoforidis, CEO of the Landbank Group, emphasized the critical role of the land market in propelling Cyprus’s economic development. “The market for plots fuels the ongoing demand for residential and commercial development, while the field market emerges as a silent giant in strategic investments,” he stated. Christoforidis further noted that high average prices in Paphos and Limassol—reaching approximately €850,000 and €700,000 respectively—underscore the shift from traditional agricultural use to properties with significant investment potential, including those with tourism or energy orientations and those that may be integrated into future urban planning initiatives.

Conclusion

The robust performance of the land market in Cyprus signals a transformative phase in the real estate landscape. With clear regional distinctions and evolving investment dynamics, industry stakeholders can expect the market’s momentum to drive further growth in the coming years.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

Uol
The Future Forbes Realty Global Properties
Aretilaw firm
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